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As we have already noted, NinjaTrader is oriented toward a niche of investors focused on active futures and forex trading. From that perspective, the NinjaTrader platform has all the tools and features it needs to be successful. The platform, indicators, and other features are customizable at a very granular level, which is important for active or professional traders. Again because NinjaTrader is primarily a futures and forex brokerage, financial statements, news, and economic data that you might find in other professional platforms are missing. While the technical data is comprehensive, you’ll have to use another resource for fundamental information if you need that type of analysis.
- For instance, if a trader decides to invest $2,000 into Microsoft stock priced at $200, they can either purchase 10 stocks or a futures contract of 100 Microsoft stocks.
- Now you can simply log in, if you click on the connection you set up, such as ‘My NinjaTrader Continuum’.
- For example, sophisticated order types known as automated trade management strategies are included in the Trader + feature suite.
- While NinjaTrader 7 is still available, we tested NinjaTrader 8.
You can set alerts and notifications on the desktop trading platform. Advanced alerting system is only available in the paid version. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. RevolutandTransferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers.
This means that you can use NinjaTrader even in case you trade frequently like multiple times a week or daily. You add custom software to the NinjaTrader open-code platform via NinjaScripts that the software vendor will provide you. After you receive the scripts, import them via the Tools menu. There are many custom indicator vendors that sell NinjaScripts. Some of these indicators can cost thousands of dollars, but of course there is no guarantee the indicators will help you score profits.
NinjaTrader Overall Rating
Exceptionally customizable and offers numerous advanced features, it may not be considered easy to use when you first download the platform. If you want to access some of its more advanced capabilities, you can either lease the software starting at a quarterly basis or purchase a Lifetime license, which includes free upgrades for life. We tested NinjaTrader’s platform through an account opened with Phillip Capital.
It’s easy to change colors (for background, crosshair, gridlines, text, etc.), fonts, and bar spacing/width as well as the overall layout of your chart windows. You can easily insert technical indicators, strategies, and drawing tools, which are all customizable within the chart. The free platform is sufficient for new traders with more advanced tools available as need such as semi-automated execution. NinjaTrader’s low commissions and fees, free tools, and an active community forum will work to any trader’s advantage. On the plus side, we liked the low commissions.Its advanced platform is great for experienced traders, especially for futures traders. The educational material provided by Ninja is well structured and they have an active user forum as well.
All the awards received by the NinjaTrader Platform
Future contracts gather a large trading volume daily which leads to high levels of liquidity. With a continuous flow of buyers and sellers in the futures markets, https://xcritical.expert/ market orders can be executed swiftly. Originally designed to combat unfair parking tickets, we soon became a leader in all things consumer rights-related.
- NinjaTrader brokerage offers a basic range of asset classes with a focus on futures trading on the CME, CBOT, NYBOT and Eurex exchanges.
- Unfortunately, it is not necessarily done with the NinjaTrader software itself.
- Hundreds of trading instruments can be analyzed in real time, alarms can be defined, and the new FX Board also offers modern concepts for forex trading.
- The range of results in these three studies exemplify the challenge of determining a definitive success rate for day traders.
- However, they have a blog, where they post short articles that cover a variety of topics that traders might be interested in.
He is a member of the Investopedia Financial Review Board and the co-author of Investing to Win. If you go directly to your broker the $65 average fee isn’t going to be included and they will just charge you for the data subscription. EToro was established in 2007 and has rapidly grown to serve more than 20 million traders worldwide.
What is NinjaTrader platform?
Phillip Capital is the one holding your assets and cash in this case. Phillip Capital publishes financial statements and it’s regulated by a top-tier authority . NinjaTrader is registered with the National Futures Association , which allows it to provide introducing broker service for companies, such as Phillip Capital or Dorman Trading. These companies are regulated by at least one top-tier financial authority, like the US CFTC or UK FCA. As NinjaTrader’s main focus is on the charting and other technical tools, they don’t offer any fundamental data. However, they have a blog, where they post short articles that cover a variety of topics that traders might be interested in.
NinjaTrader has a brokerage business for futures and forex products while stocks and ETFs can be traded through other brokers while using their software for charting and market data. Commission for futures is $0.53 while forex is dependent on the currency pair you trade and whether you are leasing their platform or have bought a lifetime license. For commission schedule scammed by xcritical for forex products please see this link. NinjaTrade only supports futures and options on futures trading. This means that to trade other popular financial assets such as stocks and forex trading, you will need to connect your brokerage account to NinjaTrader. The NinjaTrader platform is ideal for active traders who want lots of technical analysis tools.
NinjaTrader’s Platform and Tools
Besides, the charting facilities offered by the platform are easy-to-use, and the trader can add several numbers of indicators and tools. The platform supports all the usual order types, including market, limit, stop market, and stop-limit orders as well as advanced OCO orders. If you’re interested in automated trading, NinjaTrader’s ATM Strategies provide discretionary traders with semi-automated features to manage their positions. Alternatively, you can fully automate a strategy using a “point and click” construction for non-programmers, or by using NinjaTrader’s C#-based trading framework. Full BioJean Folger has 15+ years of experience as a financial writer covering real estate, investing, active trading, the economy, and retirement planning. She is the co-founder of PowerZone Trading, a company that has provided programming, consulting, and strategy development services to active traders and investors since 2004.
The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy. A table of average spreads for currency and currency forward trades is available at FXCM’s website. High-volume traders, called Active Traders, are eligible for discounted spread costs.
Topics include connecting to data, one-click order entry, how to set up a workspace, basic chart creation, advanced settings, and strategy automation. NinjaTrader’s 3rd-party developer community, known as NinjaTrader Ecosystem, features thousands of 3rd-party apps and add-ons you can use with its trading platform. From its website, you can use the keyword search and filters to scan hundreds of custom tools and trading indicators built to work with NinjaTrader. NinjaTrader has its flagship advanced trading platform for Windows-based desktop computers. Other third-party platforms are supported and available by request.
Still, the approval process of the account is a bit slow, which might take up to 5 business days. This process might be a bit complex, and several steps exist to open the account with NinjaTrader. You can read this NinjaTrader review which is detailed and informative.
- Trading fees – these are brokerage fees that you pay when you actually do a trade.
- NinjaTrader’s Help Guide and webinars are great tools for beginner and advanced traders looking to familiarize themselves with the desktop trading platform.
- A good starting point is the free Trade Ideas trading chat room.
NinjaTrader was first launched in 2003 and is registered with the National Futures Association, and as a result is permitted to provide introducing broker services for other brokers. There are three separate licenses you can choose from with NinjaTrader including Free, Lease, and Lifestyle. The NinjaTrader platform is perfect for active and experienced traders who are looking to use advanced charting tools and features. NinjaTrader only supports futures and options on futures trading.
Let’s take a closer look at why eToro secures the number one spot on our top recommended brokers for 2022. NinjaTrader does not offer any trading ideas or fundamental data but there is a useful blog where concise posts are published regularly and cover subject matter that investors may be interested in. To add new assets to the instruments list simply type the name in the search bar or browse through the relevant asset categories. Connection which has an order routing fee per contract of $0.25. Micro futures give you the chance to trade top trending equity index contracts at a portion of the cost.
Any and all information discussed is for educational and informational purposes only and should not be considered tax, legal or investment advice. A referral to a stock or commodity is not an indication to buy or sell that stock or commodity. Note that the Jigsaw Leaderboard contains a mixture of SIM/Live Traders. For many traders, you can click by their name to see the trades along with the SIM/Live designation. First, when you’re deciding to get data you need to decide if your going to get it from a data provider or if you’re going to get it from your broker.